HOME Research Insight The Integrated CDSS solution and Knowledge-based CDSS will be high growth segments in the global CDSS market



The Integrated CDSS solution and Knowledge-based CDSS will be high growth segments in the global CDSS market


A significant growth in healthcare costs is a major challenge faced by developed countries. Additionally, the growth in aging population and increasing incidences of chronic disorders will further increase the burden on the healthcare systems. This scenario demands a paradigm shift in healthcare systems, from paper-based models to electronic models, in an effort to cut healthcare costs and enhance quality care. The demand for clinical IT solutions for healthcare providers is increasing, with the growing requirement to electronically enter patient information. To meet this growing need, healthcare systems are looking forward to integrate their EHR solutions with CDSS and CPOE and knowledge-based CDSS solutions, which help in making accurate decisions at the point-of-care.

Knowledge-based CDSS has the capability to translate scientific knowledge into computer interpretable decision algorithms. This improves the management of diseases by selecting the appropriate dosage at the right time and also suggests significant recommendations while monitoring the drug therapy.

Data security is one of the biggest concerns in the healthcare IT market. For enhanced security and accessibility, cloud computing has emerged as a significant model to deliver integrated or non-integrated CDSS solutions. This helps healthcare organizations to share information stored across different information systems, in real time. Furthermore, cloud computing also reduces the burden on healthcare systems, as the dependency on IT staff reduces. This results in increased productivity and cost-efficiency.

North America, despite being the largest contributor in 2013, will grow at the highest CAGR in the coming years. Factors accelerating growth in the North American market are the presence of financial support from the government, growth in demand for integrated solutions (in order to maximize the quality of care and minimize wastages), and the growth in need to meet the ‘Meaningful Use’ criteria. China is one of the emerging markets in the healthcare industry. In China, the healthcare infrastructure is in an urgent need of modernization, owing to the growth in aging population and rising incidences of chronic disorders. Moreover, China also set a goal in its five year plan from 2012 to 2017, to improve the quality of healthcare by implementing healthcare IT solutions, predominantly, clinical information systems. Besides this, the growing economy of China has opened avenues for large scale adoption of digital medical equipment in hospitals. A non-profit industry organization named Chinese Hospital Information Management Associations takes care of the promotion of information exchange activities, and establishment of standards and regulations and the training of professionals. This facilitates further development of hospital information management throughout China. According to The Centre for Health Statistics & Information, Ministry of Health survey, China, only 7% of 3,765 surveyed hospitals deployed CDSS and more than 90% hospitals still have to implement CDSS solutions. This offers an opportunity for healthcare IT vendors to penetrate into the Chinese market. There are approximately 500 software providers that offer health information systems in China, of which, about 300 are HIS developers; 15% of them are large companies, 60% are mid–size companies, and 25% are small companies.

Australia, India, Brazil, Singapore, South Korea, and Saudi Arabia are other prominent destinations for the CDSS market players. Factors impacting the growth in these countries are the presence of favorable government initiatives such as Health Management Information System (HMIS) portal (India), and HealthConnect (Australia), stable economic conditions, and rise in incidences of chronic disorders. Thus, these countries will evolve as lucrative destinations for CDSS vendors, to generate high returns on investment.

Related Reports:

Clinical Decision Support System (CDSS) Market [By Product - Integrated (EHR, CPOE)], Model (Knowledge-based), Applications (Drug Allergy Alerts, Drug Interactions), Delivery Mode (Web-based, Cloud-based), Component (Hardware, Software)] - Global Forecast to 2018
http://www.marketsandmarkets.com/Market-Reports/clinical-decision-support-systems-market-18085342.html

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-6006-441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports